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Saturday, March 23, 2013

CYPRUS WINNERS AND LOSERS?

1.Bank of Cyprus "is likely to be saved"?

It has "close ties to the island's ruling establishment and is more heavily laden with Russian deposits."

5 comments:

Come on, let's get this right. As a former (pre Nov. 2012) citizen and worker in Cyprus, there is more to it than this.

Yep, the rich kids do lounge around, but the majority of Greek Cypriots work 7.00am to 6.00pm jobs, Mon - Sat, they get good salaries and so they do party hard. But most have huge credit loans for cars and luxuries, with the banks, and mortgages, and summer apartments, or motorbikes, or some other high-prices items. But they DO WORK for it.

The Phillipino and Vietnamese (excuse spelling) also work really hard, usually in domestic work or deliveries, the hotels and cafes/restaurants are staffed by Russian/Romanian/Bulgarians, the cleaning companies are usually Romanians, the building sites are mixed with a lot of Turkish Cypriots or Syrians, or Egyptians. The Lebanese are mostly self-employed, as are the Armenians and the Jews. The financial sector is most ex-pats from all over the world, plus new graduates from Universities in the USA and UK. The medical side is mostly Greeks, Cypriots and quite a few Americans and Bulgarians....WHAT else does anyone want to know...Just ask me....I was there for a long time...LOL!

Limassol is a lot of Russian and American money, Paphos is mostly Brits, as is Larnaca and Ayia Napa. The mountain areas are full of Brits and Americans...What else? ummm....There is a HUGE movement of money to and from Russia AND the Arab States...which don't seem to get mentioned. The Chinese tried to get into the country but changed their minds recently. They were going to buy up a huge area around Larnaca Airport but pulled out at the last minutes, as did the Qataris'

Aangirfan, thanks for the link to the GlobalResearch article showing how the Bankster's central bank BIS recommended robbing bank accounts in 2011.Thank you triple dot woman for your precious and simple insights on Cyprus.